630 Summer PlFlowoodMS39232
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Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Flowood at 630 Summer Pl, Flowood, MS, 39232 priced at $250,000 converts $2,395/mo rent into $865/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,395/mo, and annual cash flow totals $10,377/yr on $82,875 invested. Return on cash invested prints 32.43% in year one, and rental yield reads 11.5% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 169.9% and total cumulative return in cash sums $140,806. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,395/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 2000
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 39232, Flowood, MS area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,484 (100%) |
| Owner Occupied HU | 2,355 (52.5%) |
| Renter Occupied HU | 1,907 (42.5%) |
| Vacant Housing Units | 222 ( 5.0%) |
| Median Home Value | $296,500 |
| Average Home Value | $359,751 |
Housing Distribution
Address Breakdown
Residential
4,364
Single Family
2,565
Multi-Family
1,799
Businesses
1,659
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Listed by: Suzanne Foster • Southern Magnolia's Realty
Mls Name: MLS United
Mls ID: #4128813